What Tareen Development Partners does

Tareen Development Partners (TDP), a Minnesota-based LLC founded in 2021 by Dr. Basir Tareen and Jim LaValle, is a privately held real estate development firm headquartered in Roseville, MN that develops, owns, and manages real estate across three branded lines: Signature Living (market-rate housing), Attainable Living (affordable and workforce housing under LIHTC, tax-exempt bonds, and HUD Section 8), and Commercial Properties (retail, restaurant, and medical office). The firm's portfolio spans completed multifamily communities (The Grove, The Isaac, The Avandale, Article No. 7), affordable and senior housing (Wyngate Townhomes, Silver Lake Pointe, Afton View Apartments), healthcare facilities (Roseville Health, Eagan Medical Center), and turnkey franchise and retail builds (Culver's restaurants, Sherwin-Williams, Golf Galaxy), with active pipelines in Pennsylvania, Michigan, and Wisconsin in addition to the Twin Cities base.

The firm operates an integrated, full-lifecycle development model covering land acquisition, entitlements, financing, design, construction, lease-up, and ongoing asset management, supplemented by long-term ownership and triple-net leasing of stabilized commercial properties and by partnerships with franchise operators, municipalities, and housing finance agencies. TDP holds a National Minority Supplier Development Council (NMSDC) Minority Business Enterprise certification (renewed 2025) and is listed among the Minneapolis/St. Paul Business Journal's Largest Real Estate Developers (2023). Revenue is generated through development fees, property sales (including a planned Madison condo product), and long-term asset management of held assets, with senior leaders collectively having overseen more than $1B in total development costs across prior and current roles. The firm does not disclose public revenue, has no disclosed institutional capital, and has 15 team members across development, legal, finance, HR, marketing, and operations.

Recent strategic activity indicates an explicit push from a Twin Cities base into a multi-state, mixed-asset platform: the May 2026 acquisition of Afton View Apartments (286 units, third Twin Cities affordable housing deal), October 2025 LIHTC award from PHFA for Shannon Heights Senior Living in Pennsylvania, the proposed Madison Brayton Lot master plan of 600+ homes in Wisconsin, and Michigan proposals in Ann Arbor and East Lansing together suggest an asset-gathering and geographic-expansion strategy reliant on competitive tax credit allocations and public-private partnerships rather than disclosed equity capital.

Name

Tareen Development Partners

Legal name

TDP MKT, LLC

Website

https://tdpmn.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Tareen Development Partners is a Roseville, Minnesota-based private real estate developer founded in 2021 that builds affordable, workforce, and market-rate housing alongside healthcare, retail, and mixed-use properties for municipalities, healthcare providers, franchise operators, and private tenants, expanding from the Twin Cities into Pennsylvania, Michigan, and Wisconsin.

Ownership category

akta.pro rank

Product category

Real Estate Development Services

NAICS

Land Subdivision (23721), Land Subdivision (2372), Residential Property Managers (531311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH)

akta.pro secondary industry

Regional & Land Use Planning (BPAHAKAE)

Keywords

• Real estate development
• Affordable housing development
• Commercial property development
• Mixed-use development
• Workforce housing development

Headquarters

HQ city

Saint Paul

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure, Others

Revenue model

1. Development Services: TDP manages all stages of real estate development from land acquisition, entitlements, and design through construction, lease-up, stabilization, and ongoing asset management. Revenue is generated through development fees, property sales, and long-term asset management of completed projects.
2. Property Ownership and Leasing: TDP owns and leases commercial properties including retail buildings, medical office space, and restaurant locations. Properties like the Golf Galaxy/Central + Priority Pediatrics building are configured as triple-net investment properties managed by TDP.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Tareen Development Partners is a mission-driven real estate development firm that delivers full-lifecycle development services from land acquisition, entitlements, and design through construction, lease-up, stabilization, and ongoing asset management. The firm develops affordable, workforce, and market-rate multifamily housing, healthcare/medical office facilities, retail and restaurant properties, and mixed-use projects for municipalities, healthcare providers, franchise operators, and private developers.

Product overview

Tareen Development Partners (TDP) is a mission-driven real estate development firm that operates three integrated business lines: Signature Living (market-rate housing), Attainable Living (affordable/workforce housing), and Commercial Properties (retail, restaurant, and medical office developments). The company delivers turnkey development services from land acquisition through construction and asset management. Key Signature Living products include The Avandale Apartments (91 units), Article No. 7 (84 units), The Isaac Apartments (127 units), and The Grove Apartments (117 units). Attainable Living products include Wyngate Townhomes (50 units), Silver Lake Pointe (83 units), Afton View Apartments (268 units), and Shannon Heights Senior Living (48 units, planned). Commercial Properties include Culver's restaurant developments, medical office buildings (Roseville Health, Eagan Medical Center), retail properties (Sherwin-Williams, Golf Galaxy), and student housing near the University of Minnesota.

Differentiator

Problem solved

Functional benefit

Products and services

• The Avandale Apartments A 91-unit, 5-story market-rate apartment building at 594 Selby Avenue in St. Paul, MN, featuring studios, one-bedroom, and two-bedroom layouts with quartz countertops, stainless steel appliances, in-unit laundry, a rooftop terrace, and an amenity deck. Completed in 2023.
• Article No. 7 An 84-unit, 4-story ground-up multifamily development at 2515 7th Ave E in North St. Paul, MN, featuring live-work units, studios, one- and two-bedroom apartments with modern amenities, open floor plans, and energy-efficient appliances. Completed in 2024.
• The Isaac Apartments A 127-unit luxury apartment building at 2740 Fairview Ave N in Roseville, MN, featuring a fitness center, gathering spaces, community lounge, rooftop terrace, exterior pool, and grilling stations. Completed in 2022 in partnership with Reuter Walton Development.
• The Grove Apartments A 117-unit mixed-use development at 246 Snelling Ave S in St. Paul's Macalester-Groveland neighborhood, including 4,250 sq ft of prime retail space, a fitness facility, rooftop terrace, secure parking, and maker space. Completed in 2019 in collaboration with Reuter Walton Development.
• Wyngate Townhomes A 50-unit affordable townhome community in Maplewood, MN within the Legacy Village area, offering three- and four-bedroom layouts with private entrances and open-concept floor plans, eligible under the Section 42 affordable housing program.
• Silver Lake Pointe An 83-unit senior living community (55+) in Mounds View, MN offering affordable one- and two-bedroom apartments with community amenities including a community room, library, beauty/barber shop, and puzzle room.
• Afton View Apartments A 268-unit affordable housing community in St. Paul, MN originally built in 1971 and supported by a HUD project-based Section 8 contract. TDP's third affordable housing acquisition in the Twin Cities, with planned substantial rehabilitation using 4% Low-Income Housing Tax Credits and tax-exempt bond financing in 2026.
• Shannon Heights Senior Living A planned 48-unit affordable senior housing facility in Penn Hills, Allegheny County, Pennsylvania, on the site of a former elementary school, serving seniors aged 62+ earning below 60% of Area Median Income. Construction anticipated September 2026.
• Culver's Restaurant Turnkey Developments Turnkey restaurant developments delivered to Culver's franchise operators, including the Princeton, MN location (completed 2024, 4,000 sq ft) and the Faribault, MN location at 1675 Lyndale Avenue North (opened June 2026, 4,360 sq ft). TDP manages real estate selection, entitlements, development, construction, and delivery.
• Sherwin-Williams Store A 3,600 sq ft commercial retail building in St. Louis Park, MN, redeveloped in 2016 from a contaminated site on a long-term lease with Fortune 500 paint and coatings company Sherwin-Williams.
• Golf Galaxy and Central + Priority Pediatrics Building A 30,000 sq ft dual-tenant retail and medical office building at the intersection of I-35W and Highway 36 in Roseville, MN, leased to Golf Galaxy (retail) and Central + Priority Pediatrics (healthcare). Configured as a triple-net investment property managed by TDP.
• Eagan Medical Center A 44,383 sq ft, 3-story medical office building in Eagan, MN offering flexible leasing options from 1,197 to 2,734 sq ft per suite, with underground parking, free surface parking, conference rooms, and break areas.
• Roseville Health A 40,000 sq ft, 2-story medical office building in Roseville, MN completed in 2020, designed for patient comfort with contemporary architecture, natural light, and ample secure parking. Adjacent to The Isaac Apartments.
• Student Housing at the University of Minnesota Budget-friendly student housing properties near the University of Minnesota campus including Local15 (30 units) and College Park (34 units), offering studios, one-bedroom, and two-bedroom apartments.

Quantifiable outcome

• Over 1,500 affordable housing units developed
• +1 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core, supporting and strategic.

• Winthrop & WeinstinecoreImplementation/ SI/ Consulting Partner · 15 May 2026Legal counsel partner for Afton View Apartments acquisition. Development partner supporting the transaction.
• City of Saint PaulcoreStrategic or Co-development Partner · 15 May 2026Municipal partner for Afton View Apartments acquisition and affordable housing preservation initiatives.
• Stewart Title CompanysupportingOthers · 15 May 2026Title and escrow services partner for Afton View Apartments acquisition.
• Alliance HousingcoreStrategic or Co-development Partner · 14 October 2025Development partner for Shannon Heights Senior Living project in Penn Hills, PA. Joint team preparing funding applications for 48-unit senior affordable housing.
• VGW Faribault Custard, LLC (Deanna Wesley, Taylor VanHoutan, Anthony Gustafson)coreChannel Partner/ Reseller/ Distributor · 25 September 2025Franchise operators for Culver's restaurants in Faribault, Albertville, and Princeton, MN. TDP develops properties while franchise partners operate restaurants.
• Chef Dan BonannostrategicStrategic or Co-development Partner · 19 August 2025Acclaimed Madison chef partnering for rooftop restaurant in proposed condo building at Madison Brayton Lot development, featuring stunning lake views.
• Reuter Walton DevelopmentcoreStrategic or Co-development Partner · 1 January 2022Co-development partner for The Isaac (127-unit luxury apartments) and The Grove (117-unit mixed-use development). Long-standing development partnership.

Scale indicators6 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Sherman Associates: Minneapolis-based developer of affordable housing, mixed-use, and commercial properties. Comparable because Sherman also operates a full-lifecycle development model across affordable and market-rate housing, healthcare, and retail in the same Twin Cities geography as TDP.
• The NRP Group: National multifamily developer with significant affordable and market-rate housing production. Comparable to TDP because both target LIHTC allocations, workforce housing, and Class A market-rate apartments, and NRP is a likely competitor in TDP's expansion markets (MI, PA, WI).
• Doran Companies: Minnesota-based real estate development firm with multifamily, commercial, and student housing projects. Comparable because TDP co-founder Jim LaValle and VP Cody Dietrich came from Doran, and both firms pursue mixed-use and market-rate housing in the Twin Cities.
• Dominium: National affordable housing developer and property manager. Directly comparable to TDP because several TDP senior leaders (Pete Nelson, Cody Dietrich) previously worked at Dominium and both firms focus on LIHTC-financed multifamily development.
• CommonBond Communities: Twin Cities-based affordable housing provider with a development arm producing LIHTC-financed multifamily projects. Comparable to TDP's affordable housing development activity targeting 30-80% AMI households across the Upper Midwest.
• Beacon Communities: National affordable and mixed-income housing developer using LIHTC and public financing. Comparable to TDP's affordable development pipeline because Beacon competes for similar PHFA, WHEDA, and HUD resources in markets like Pennsylvania and Wisconsin.
• Reuter Walton Development: Twin Cities real estate developer specializing in multifamily housing. Comparable because Reuter Walton is TDP's long-standing co-development partner on The Isaac (127 units) and The Grove (117 units) and shares a focus on urban infill multifamily in the Twin Cities market.
• Aeon: Twin Cities nonprofit affordable housing developer and property manager. Comparable to TDP's Attainable Living brand because both develop and preserve multifamily affordable housing using LIHTC and public-private partnerships in Minnesota.

Emerging players

• Woda Cooper Companies: Affordable housing developer with strong presence in the Midwest and Mid-Atlantic. Comparable to TDP because both pursue LIHTC-financed affordable developments including senior housing, with overlapping geographic interest in Pennsylvania and the Upper Midwest.

Others

• Cushman & Wakefield (Multifamily Capital Markets): Global commercial real estate services firm with multifamily investment sales and capital markets advisory. Comparable as an indirect peer because it provides capital markets services that enable developers like TDP to finance, recapitalize, and sell multifamily assets in the same markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/tareendevelopmentpartners
• LinkedInlinkedin.com/company/tareen-development-partners
• Instagraminstagram.com/tareendevelopmentpartners

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tareen Development Partners